IG Group (LON:IGG) Stock Crosses Above 200-Day Moving Average - Should You Sell?

IG Group Holdings plc (LON:IGG - Get Free Report)'s share price passed above its two hundred day moving average during trading on Thursday . The stock has a two hundred day moving average of GBX 1,020.60 ($13.70) and traded as high as GBX 1,087 ($14.59). IG Group shares last traded at GBX 1,075.05 ($14.43), with a volume of 330,070 shares.

Analyst Upgrades and Downgrades

Several research firms have recently issued reports on IGG. Berenberg Bank restated a "buy" rating and issued a GBX 2,600 ($34.91) target price on shares of IG Group in a report on Thursday, May 29th. Canaccord Genuity Group raised their target price on shares of IG Group from GBX 782 ($10.50) to GBX 1,099 ($14.76) and gave the stock a "buy" rating in a report on Friday, May 30th. Five analysts have rated the stock with a buy rating, According to MarketBeat.com, IG Group currently has an average rating of "Buy" and a consensus price target of GBX 1,466 ($19.68).

IG Group Stock Up 0.2%

The company has a market cap of £3.83 billion, a PE ratio of 7.21, a P/E/G ratio of -1.44 and a beta of 0.55. The company's 50 day moving average is GBX 1,086.07 and its 200 day moving average is GBX 1,022.24. The company has a current ratio of 2.47, a quick ratio of 2.40 and a debt-to-equity ratio of 17.04.

IG Group Company Profile

IG Group LSEG: IGG is an innovative, global fintech company that delivers dynamic online trading platforms and a robust educational ecosystem to power the pursuit of financial freedom for the ambitious. For nearly five decades, the Company has evolved its technology, risk management, financial products, content, and platforms to meet the needs of its retail and institutional clients.